Debenhams (DEB) Price Target Cut to GBX 28 by Analysts at Canaccord Genuity
Debenhams (LON:DEB) had its price target lowered by Canaccord Genuity from GBX 44 ($0.59) to GBX 28 ($0.37) in a research note released on Friday. Canaccord Genuity currently has a hold rating on the stock.
Other equities research analysts have also issued research reports about the company. Deutsche Bank reissued a hold rating and set a GBX 45 ($0.60) target price on shares of Debenhams in a research report on Friday, September 8th. Peel Hunt reissued a hold rating and set a GBX 55 ($0.74) target price on shares of Debenhams in a research report on Tuesday, September 19th. Liberum Capital reissued a hold rating and set a GBX 58 ($0.78) target price on shares of Debenhams in a research report on Thursday, October 26th. JPMorgan Chase & Co. reissued an underweight rating and set a GBX 38 ($0.51) target price on shares of Debenhams in a research report on Friday, October 27th. Finally, Jefferies Group reissued a hold rating and set a GBX 47 ($0.63) target price on shares of Debenhams in a research report on Friday, October 27th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of GBX 36.79 ($0.49).
Shares of Debenhams (LON DEB) opened at GBX 29.32 ($0.39) on Friday. The stock has a market capitalization of $360.00 and a PE ratio of 733.00. Debenhams has a 12-month low of GBX 27.10 ($0.36) and a 12-month high of GBX 59.01 ($0.79).
The company also recently declared a dividend, which will be paid on Friday, January 19th. Shareholders of record on Thursday, December 7th will be given a dividend of GBX 2.40 ($0.03) per share. This is a positive change from Debenhams’s previous dividend of $1.03. The ex-dividend date of this dividend is Thursday, December 7th. This represents a yield of 5.71%.
In other news, insider Ian Cheshire purchased 175,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were bought at an average price of GBX 29 ($0.39) per share, with a total value of £50,750 ($67,856.67).
Debenhams Company Profile
Debenhams plc is a United Kingdom-based company, which is engaged in multi-channel business. The Company’s brand trades through approximately 240 stores in 27 countries. The Company’s segments are UK and International. The UK segment consists of stores in the United Kingdom and online sales to the United Kingdom addresses.
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